advantages and disadvantages Archive

Running a new limited company or small business, you will necessarily be dealing with all sort of different personal data and information. The Data Protection Act 1998 puts a number of obligations on business to ensure that this data is not abused or used in...

If you are thinking about starting your own business, you might be presented with a number of potential opportunities and options. Not least of which is the form your business should take. You might even be in a fortunate position of being able to take...

Value Added Tax (VAT) is the sales tax levied against goods and services within the UK. Businesses with a turnover in excess of the VAT Registration Threshold (currently £70,000 P.A. 2010-2011) are required by law to complete a VAT Registration with HM Revenue & Customs....

“Marketing” is defined by Wikipedia as “the process by which companies create customer interest in goods or services… through which companies build strong customer relationships and creates value for their customers and for themselves.” Start with a marketing plan – identifying the customer and their...

There are several advantages and disadvantages to having a website for your business or limited company. In the modern age, more and more businesses are getting online. As I mentioned in a previous post, there were around 227,225,642 websites online in September 2010. If you...

When thinking about opening your own business, you might well have given some consideration to becoming a sole trader. Sole trader, also known as a sole proprietor is one of the types of business available for use within the UK. It is also one of...

People thinking about starting their own business often have a rough idea of each of the different types of business structure. Their initial business decisions may be based on the advice of friends or family. Following their advice, they often decide that setting up business...

What is an Umbrella Company? An umbrella company is quite simply a large limited company which operates as a kind of agency on behalf of contractors from various industries. In most situations, a contractor will be a self employed person who will do short or...

A partnership is commonly formed where two or more people wish to come to together to form a business. Perhaps they have a common business idea that they wish to put to the test or have realised that their skills and talents compliment each others...

What is a Limited Company? A Limited Liability Company, quite simply is a company whose liability is limited. That’s the short version. The longer version is that a limited company is a type of company which when set-up allows an entrepreneur to keep their own...